Identity of All Defendants in Aurum Case Revealed

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Identity of All Defendants in Aurum Case Revealed

December 14, 2012 17:13Updated: January 30, 2014 20:24

The Office of the Special Prosecutor has filed charges against Magnús Arnar Arngrímsson and Bjarni Jóhannesson in the Aurum Holding case in addition to Jón Ásgeir Jóhannesson and Lárus Welding as already reported.

Jón Ásgeir and Bjarni are facing charges as abettors in the breach of trust case and Lárus and Magnús as main defendants, Fréttablaðið reports.

The case concerns a loan of ISK 6 billion (USD 47 million, EUR 36 million) granted by Glitnir Bank, of which Lárus was CEO at the time, to the company FS38 ehf. in mid-2008 to buy shares in the British company Aurum Holding.

Jón Ásgeir said in a statement that the charges against him are groundless. At the time he served as chairman and majority owner of investment company FL Group, the largest shareholder in Glitnir before its collapse in autumn 2008.